QUOTE(JaySd @ May 28 2020, 04:19 PM)
Hi Guys,
I've been scrambling on the internet for information on this, but the result is disappointing. Most of the related post is written from US citizen POV.
Hence, I would like to gather everyone's expertise here to discuss on this.
For a start, this is the Withholding Tax Rates 2020 by Deloitte :
https://www.google.com/url?sa=t&source=web&...mbYUAIjIAd8pKUbFor example, per my understanding, US impose 30% Dividend Withholding Tax. As a Malaysian, we can claim 15% back (must submit tax refund form). This effectively means, we are taxed at 15% from our dividend.
Is my understanding correct ?
Nope cannot. Malaysia does not have tax treaty with US which sucks. Hence we pay the full 30% tax on dividend.
You want tax free dividend country you are only limited to 4.
SG
HK - some will have China dividend tax of 10%
India
UK
First step
Open a bank account in Singapore. It will help you tremendously.
https://forum.lowyat.net/topic/1440794Second step
Open a cheap international brokerage .
https://forum.lowyat.net/topic/4843925https://forum.lowyat.net/topic/4744515https://forum.lowyat.net/topic/3396549Regarding dividend tax, sometimes it's ok to bite them. When the yield is high. For the yield to be high, price must drop.
Some countries like Germany and Canada have cheaper discount of dividend. Tax.
All information is provided in the links above. Kindly browse through them.